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- LoopNet Team
62-64 East Ave
Austin, TX 78701
Land For Sale
·
0.27 AC
Investment Highlights
- Rainey Street Subdistrict
- Central Business District Zoning
- Walk to Lady Bird Lake
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 0.27 AC |
| Zoning | C1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.27 AC |
| Zoning | C1 |
Description
62 and 64 East Avenue is located in the Rainey Street Subdistrict of Downtown Austin. This 11,892 sqft lot shares an alley with Rainey Street, located a block from the Lady Bird Lake featuring the Ann and Roy Butler Hike and Bike Trail and the Boardwalk at Lady Bird Lake, and is only two blocks from the Austin Convention Center. The neighborhood is booming with new multi-family, office, and hotel developments which make this one of the most unique opportunities in Austin, Texas. Property Highlight Basics: Floor-to-area ratio of 8:1 in the Rainey Street Subdistrict (must comply with code below Rainey Street Subdistrict Regulations) Floor-to-area ratio of 15:1 (no height restriction) in the Rainey Street Subdistrict (must comply with the Downtown Density Bonus requirements) **Possible for increased floor-to-area with additional affordability. Must be approved by Austin City Council** RAINEY STREET SUBDISTRICT REGULATIONS - https://library.municode.com/tx/austin/codes/land_development_code?nodeId=TIT25LADE_CH25-2ZO_SUBCHAPTER_CUSDERE_ART3ADRECEDI_SPCSURE_S25-2-739RASTSURE DOWNTOWN DENSITY BONUS PROGRAM - http://www.austintexas.gov/edims/document.cfm?id=206958 (see page 27)
